For saleSingle family
$125,000
238 Locust Ave
Owatonna MN 55060
2 beds, 1 bath, 1,240 sqft
238 Locust Ave is a 2 beds, 1 bath, 1,240 sqft single family home for sale at $125,000 in Owatonna MN 55060. At 20% down it rents for an estimated $1,200/mo and returns $308/mo a month at a 9.6% cap rate.
The deal math
Modelled at 20% down on a 30-year loan at current market rates, before management, vacancy and maintenance reserves.
- Estimated rent
- $1,200/mo
- Monthly cash flow
- $308/mo
- Cap rate
- 9.6%
- Cash-on-cash
- 14.8%
- Max offer
- $125,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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